Remove 2024 Remove compliance Remove Stax
article thumbnail

Stax Celebrates 10 Years: Looking Back at a Decade of Growth and Payment Innovations

Stax

To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?

article thumbnail

Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

Stax

Some others, including Stax, offer subscription-style processing that gives you access to the lowest rates of interchange. While this strategy requires careful consideration and compliance with legal requirements, it can be an effective way to offset interchange fees (especially for a small business) and transfer the cost to the end-user.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

In 2024, it processed 1.2 Security and compliance ACH provides extra protection against fraud for high-value transactions because they pass through the ACH automated clearing house and NACHA regulations. Make the most out of your payment method with Stax. billion payments, reaching a total value of $3.2 per payment batch.

article thumbnail

Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws

Stax

This is where partnering with a payment processing provider like CardX by Stax can be especially useful. The law became effective on July 1, 2024. Non-compliance can result in a $1000 fine. Its surcharging solutions are fully compliant with all applicable rules and have you covered automatically. To learn more, contact us today.

article thumbnail

The Ultimate Guide to Ecommerce Payment Solutions

Stax

According to the Worldwide Retail Ecommerce Forecast 2024 by eMarketer, eCommerce will account for 21.0% Theyre easy to integrate and set up, with the host taking care of data security measures, including PCI compliance and fraud protection. of retail sales in 2025, amounting to $6.862 trillion. This is expected to grow to 22.6%

article thumbnail

How To Find the Best Credit Card Processor for Small Business in 2024

Stax

Since we’ve spoken a lot about credit card processing before, today we’ll take a look at how to find the best credit card processor for your SMB in 2024. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate. But to do most of that, you need to have a credit card processor.

article thumbnail

What You Should Know About Visa Surcharge Rules in 2024: A Guide for Merchants

Stax

A recent report by Alignable found that 43% of SMBs couldn’t pay rent—on time and in full—in April 2024. Non-compliance can lead to hefty penalties and even suspension of their merchant accounts. Merchants should be aware of Visa’s surcharging rules as non-compliance can lead to fines ranging from $50,000 to $1 million.